ASX P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
ASX's p/e ratio is higher than 95% of the last 10 years.
P/E ratio History
ASX P/E ratio by year
Yearly range of ASX’s p/e ratio from 2016 to 2026. Over the full period it ranged from 4.2 to 100.3, averaging 24.0.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 29.1 | 43.8 | 64.9 | 46.1 |
| 2025 | 16.1 | 22.7 | 32.8 | 27.8 |
| 2024 | 18.5 | 22.7 | 28.3 | 22.7 |
| 2023 | 6.7 | 11.0 | 16.7 | 16.5 |
| 2022 | 4.2 | 6.5 | 9.0 | 5.5 |
| 2021 | 8.8 | 25.8 | 36.2 | 8.8 |
| 2020 | 17.7 | 53.5 | 100.3 | 24.4 |
| 2019 | 12.0 | 26.3 | 100.2 | 100.2 |
| 2018 | 11.4 | 15.6 | 23.0 | 12.7 |
| 2017 | 16.4 | 19.0 | 22.1 | 18.1 |
| 2016 | 18.0 | 20.4 | 22.3 | 18.4 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is ASX P/E ratio High or Low Right Now?
ASE Technology Holding Co., Ltd.'s P/E ratio is currently 46.1, which is near historic high relative to its 10-year historical range. The 10-year median P/E ratio for ASX is approximately 20.4. See all ASX valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.